According to the Hong Kong Stock Exchange data disclosure, on July 25, IDG capital reduction of 50 million shares of the United States plans, 8.5 yuan per share, cash 4.25 billion Hong Kong dollars. It is understood that this reduction is completed, IDG Capital in the Mito's shareholding ratio from 7.70% to 6.47%.

Mito was listed on the Hong Kong Stock Exchange on December 15 last year. With the end of the lock-up period in mid-June this year, many institutional investors began selling their shares. In this regard, the United States plans to respond to the company that our management will not be reduced, I hope everyone should look at the whole company's fundamentals.

According to Hong Kong media reports, the first to sell the Mito is the innovation workshop, June 19, the sale of 0.66 million shares of Mito stock, cash 561 million Hong Kong dollars. Two weeks later on July 3, Tiger Global Fund holdings of 400 million shares, cash 3.4 billion Hong Kong dollars.

Mito one of the major shareholders of the Qiming venture capital, also in the July 7 to 8.5 Hong Kong dollars per share price of 212 million shares, cash amount of 1.802 billion Hong Kong dollars, holdings from 6.61% to 1.37%. In other words, Qiming Venture Capital has now held more than 75% of the Mito shares sold.

According to statistics, the four institutions of the cumulative reduction of Midea shares 728 million shares, a total of more than 6.1 billion Hong Kong dollars.

In recent days, Mito's chairman Cai Wensheng in exchange with investors in Hong Kong investors to respond to the matter that the current value of the Mito can be defined as 99% of people do not understand, but not optimistic, because we all know Around the people in use, which is why it is controversial. Cai Wensheng said that the current stock price is seriously underestimated, the right time, he will overweight.

About his son cash 8700 million shares, Cai Wensheng responded that it was the arrangement of green shoes, which is the whole company has long been settled, all shareholders agree, that is why all the old shares are locked, and his part of the stock No reason to lock.

According to the prospectus disclosed last year, prospectus shows that smartphone sales revenue is the company's main source of revenue, the revenue in 2015 accounted for as high as 89.9% in the first half of 2016 the proportion of the revenue accounted for up to 95.1%. A number of research institutions data show that the current Chinese smart phone market more and more began to focus on the head, strong Hengqiang situation is happening, second and third tier mobile phone manufacturers will face more and more pressure.